By a News Reporter-Staff News Editor at Real Estate Weekly News– For millions of Americans their home is their biggest investment, yet understanding how to protect it remains a challenge for many consumers, according to the Insurance Information Institute's new report, PulsePoints: Home and Auto Insurance. The report covers a range of insurance related…
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“One of the advantages of operating your own business is hiring family members,” claims the Internal Revenue Service. The IRS includes among relatives employed by a family business spouses; directly related children, grandchildren, great-grandchildren and so on, your lineal descendants; and ancestors. Many times, a family employee is treated like any other…
More than a third of insurers surveyed in the fall have reported increased market competition as being prevalent in the industry with the primary cause related to aggressive actions by competitors, according to a new A.M. Best special report. Best Fall 2015 Insurance Industry Survey,” states that 36% of respondents cited aggressive moves by competitors.
Dec. 23– The Glenn County Board of Education once again voted unanimously last week never to let President Judy Holzapfel hand over the gavel. Holzapfel, who represents the Orland area, retired in 2007 as the school nurse for Glenn County Office of Education after 30 years of service. The Board of Education also voted 4-1 to increase Superintendent Tracey…
Dec. 23– ROCKLAND, Maine– The family of a Warren woman who died last year in a fatal car crash has been awarded a judgment of more than $1.1 million in a civil lawsuit against the driver. On Tuesday, Justice Daniel Billings issued a judgment of $1,155,000 for Kenneth D. Low, who is the personal representative of the estate of Alison M. Low in the lawsuit filed against 20-…
Experts say maintaining a good credit rating is always critical. In the U.S., a credit score is a number representing the creditworthiness of a person- the likelihood that the individual will repay his or her debt obligations. Originally founded in 1956 as Fair, Isaac and Co. by engineer Bill Fair and mathematician Earl Isaac, FICO is a measure of credit risk that is…
New cybersecurity tools and techniques for cloud-based manufacturing software show promise in the fight to secure critical factory-floor data and machinery. With more factory assets getting connected to the Web, particularly with the coming explosion of Internet of Things devices, today's manufacturing management must look for rock-solid…
Dec. 23– Proposals addressing long-term care unveiled Monday by Minnesota House Republicans are important to Albert Lea, District 27 A Rep. “We already have a large senior population, so we're the trend of what's happening in Minnesota,” said Bennett, R- Albert Lea. Joe Schomacker, R- Luverne, and Tama Theis, R- St. Cloud, unveiled the Caring for the Aging, Retiring and…
Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to mid-sized businesses, today released its list of tax regulations for small business owners to carefully consider as they approach the New Year. Add to that keeping on top of changing tax policies, and you’ ll see why the business environment is…
Dec. 18– The damage sustained to the site of the new Flower Creek Dam, still under construction near Libby, should be covered under the contractor's insurance policy, according to the project manager. In a letter dated Dec. 11, project manager Ryan Jones of Morrison-Maierle Inc. informed Gary Wilson of Johnson-Wilson Constructors Inc. of the builder's…
35% Dividend Paid to Members of the Retail Group of New York Workers’ Compensation Safety Group #544
The Friedlander Group, Inc., the group manager for Retail Group of New York Workers’ Compensation Safety Group #544, underwritten by the NYS Insurance Fund, paid a 35% dividend to 870 members with policies effective during the year of March 1, 2014 to March 1, 2015. “For the past 23 years, retailers in our safety groups maximized their productivity and profits by…
Dec. 23– An appeals court once again ruled against the San Bernardino City Professional Firefighters and in favor of the city Tuesday, affirming U.S. Bankruptcy Judge Meredith Jury's conclusion that nothing in the city charter or state law prevents the city from outsourcing its Fire Department. The financial impact is still debated, but the city's consultants,…
The PartnerConnect tiers are designed to recognize individual partners based on achievements and contributions such as insurance industry expertise, number of Guidewire certified employees, or number of integration accelerators contributed. The company has played a key role in several Guidewire InsuranceSuite™ implementations and was recently…
Dec. 23– When Bob McCray was called and told the roof of the building housing his Dairy Queen franchise was on fire, he hoped it might be a quick fix. When he arrived in Dalton from his home in Gwinnett County Tuesday morning, he knew he was wrong. “It's just devastating,” McCray said after seeing the damage left by Monday night's fire, which engulfed the building in the…
Dec. 23– As U.S. Steel transitions its retirees into a Highmark PPO Medicare Advantage plan for 2016, up to 1,400 of the Pittsburgh company's retirees may be automatically enrolled in a Coventry/HealthAmerica health plan that carries much higher annual out-of-pocket maximum costs. This group is among 2,000 or so USS retirees currently in a U.S….
Last week, an insurance broker was found guilty on all charges of cheating the city and state out of more than $1 million. A Courant investigation has found that a stadium developer, given more than $1.5 million by the city to bring professional soccer to Hartford, may have been enriching himself, his partner and their companies with much of that money– instead of…
According to a just-released report issued by Bankrate.com in New York City, idyllic Idaho is the country's most amenable state for drivers, boasting cheap gas and insurance costs, short commute times and low theft rates. On the other hand, the worst state in which to own an automobile is otherwise lovely Louisiana, where motorists pay the highest insurance…
Effective January 1, 2016, California Assembly Bill 1570 increases the training requirements of Residential Care Facilities for the Elderly administrators and direct care staff. These training courses have been endorsed by the Alzheimer's Association as appropriate training materials for senior care staff. Succeed Management Solutions, LLC offers…
Dec. 22– A health care agency based in Meridian must lay off 39 employees and will have to cut services to certain patients following a recent decision by the Idaho Department of Health and Welfare to slash Medicaid reimbursement rates for in-home care for the developmentally disabled. “If we don't do that, we cannot continue as a company,” said Amy Wright,…
